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Stock impact report

Myomo Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Myomo Inc. (MYO) 
NASDAQ:AMEX Investor Relations: myomo.com/investor-opportunities
Company Research Source: Yahoo! Finance
Conference call begins at 4:30 p.m. Eastern time today BOSTON, May 08, 2024 BUSINESS WIRE Myomo, Inc. (NYSE American: MYO) ("Myomo" or the "Company"), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, today reported financial results for the three months ended March 31, 2024. Financial and operational highlights for the first quarter of 2024 include the following (all comparisons are with the first quarter of 2023): Total and product revenue was $3.8 million, up 9%; Revenue units were 91, up 14%; MyoPro ® orders and insurance authorizations were received for 180 units, up 48%; Backlog, which represents insurance authorizations and orders received but not yet converted to revenue, was 275 units, up 56%, and includes 83 Medicare Part B patients; First payments for MyoPros delivered under the new Medicare fee schedule have been received; A record 493 new candidates were added Show less Read more
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